Certain additional benefits are available to executives based on their salary level. If you are eligible for these benefits, you will be notified and invited to enroll.
Additional Short Term Disability Benefit
Your company-paid benefit replaces 70% of your income with a maximum of $2,500 per week. This coverage is automatic; you don’t need to enroll.
Supplemental Individual Disability Insurance
We partner with Unum to bring you Individual Disability Insurance that supplements your group Long Term Disability benefits, providing more income protection in the event of a covered illness or injury that prevents you from working.
- Core, company-provided coverage replaces 60% of income.
- This plan adds $1,000 in coverage, with premiums paid by Ryan Specialty.
- You also have the option to pay for coverage of up to 75% of income.
- The policy is portable, so you can take it with you if you leave Ryan Specialty.
- Rates are fixed for the duration of the policy.
Whole Life Insurance with Long-Term-Care Rider
You may purchase a whole life policy with no qualifying questions for yourself and your spouse through Allstate. You can select $25,000, $50,000, $80,000 or $100,000 in coverage, and you can cover your spouse for up to 50% of your amount.
Deferred Compensation Plan
This plan offers you the opportunity to defer a portion of your compensation from taxation by investing it in an investment account where it can grow tax-free until you decide to withdraw it.
The plan can help you:
- Defer pretax compensation beyond deferrals allowed in a 401(k) plan.
- Reduce your current taxable income.
- Defer taxes on the earnings credited to your deferrals.
- Plan for retirement and other long-term savings goals in a tax-effective manner.
Excess Liability Insurance
Group Personal Excess Liability Insurance from Chubb offers an attractive solution for helping to preserve your assets in the face of an ever-increasing array of liability exposures. Coverage includes personal injury and property damages for which you or a covered household member may be legally responsible in the event of a personal liability lawsuit.
This coverage provides you or a family member with broad protection and liability limits as an added layer of insurance coverage that sits above your primary auto, homeowners, renters, recreational vehicle, motorcycle, and watercraft insurance policies. Group participants have a range of limits to choose from and are charged the corresponding premium.